General Electric Co (GE) Underperforms All mega cap US stocks, Heads Down For the 2nd Day In A Row; Price Base in Formation Over Past 90 Days

General Electric Co Daily Price Recap

General Electric Co came into today down 5.01% ($0.33) from the open of the previous day, marking the 2nd day in a row a decline has happened. The price move occurred on volume that was down 14.34% from the day prior, but up 81.69% from the same day the week before. Let’s take a look at the daily price chart of General Electric Co.


General Electric Co Technical Analysis

Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 14 days General Electric Co’s price has gone up 7 them.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to GE:

    $OVV $GE $X $XOM During Trump’s presidency real businesses are killed. Oil sector shares at all time lows before even Covid, same goes for US steel, General Electric at 50years low. Real business=Producing something! Farmer killed as well due to soybeans price collapse to 25 years low due to moronic trade war, genius Trump linked soybeans markets to China, barbaric country China now control beans market. Despite record budget deficit Trump‘s economy grew below %3 pre Covid, now our economy grew negative %33, first time in history Chinese economy will suppress USA next Q.